Working with multiple currencies

Manousaridis Angelos amanous at
Wed Oct 4 08:06:51 EDT 2006

On Wed, Oct 04, 2006 at 01:24:40PM +0300, Ivars Grinbergs wrote:
> I'm newbe to GC and accounting, so I might be wrong.
> But I think, there should be only one account for expenses in your base 
> currency. When you enter currency expenditure split/transaction (from 
> currency account register window), you cerdit asset/cash/currency 
> account by currency amount, debit expenses account by the same amount 
> and while on debit split, enter currency exchange rate for that 
> particular transaction.
> This way your expenses will not fluctuate due to exchange rate fluctuations.

My base currency is Euro. So does this mean that I should't have
expenses accounts in other currencies?

Manousaridis Angelos

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